Mexico's benchmark stock index, the S&P/BMV IPC, closed up 0.59% on Friday, driven by strong performance in the industrials, consumer goods, and consumer staples sectors. Financial services firm Gentera SAB de CV was among the top performers of the session.
Meta has pulled its new AI image-generation tool, which used public Instagram photos for input, following a swift backlash from users and Hollywood union SAG-AFTRA over its automatic opt-in privacy model.
Raymond James initiated coverage on SpaceX with a bullish $800 price target, while Bernstein downgraded Salesforce due to weak AI product feedback, highlighting divergent analyst views on key tech stocks.
President Donald Trump has declared a recent ceasefire with Iran "over" following a week of renewed hostilities, though he said talks would continue. The escalation in the Strait of Hormuz has pushed crude oil prices to their largest weekly gain in two months.
Iran's Islamic Revolutionary Guard Corps (IRGC) navy has reportedly closed the vital Strait of Hormuz shipping lane until further notice, a move that could significantly disrupt global oil markets.
The British pound traded flat against a resilient U.S. dollar, which ignored soft jobs data as investors focused on potentially hawkish Federal Reserve minutes due this week. Latent UK political risks are seen as a potential headwind for sterling.
U.S. Treasury yields fell on Monday as investors assessed a much weaker-than-expected June jobs report, shifting focus to the upcoming Federal Reserve minutes for clues on future monetary policy.
South Korea has initiated nearly round-the-clock trading of the won against the U.S. dollar, a significant FX market reform aimed at improving access for global investors and supporting its bid for an MSCI developed-market status upgrade.
Italy's Treasury has mandated BofA, Citigroup, Goldman Sachs, and Morgan Stanley to manage an upcoming syndicated sale of U.S. dollar-denominated bonds with maturities in 2031, 2036, and 2056.
